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Grand Rapids, MI 49504 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Grand Rapids, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.18
ActiveActive listings: 3333PendingPending sales: 66
Grand Rapids, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $310k$310kSoldMedian sold price (last 6 months): $300k$300k
What homes actually sell for in Grand Rapids, MI
Distribution of 338 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $250k to $365k
$158k to $213k: 35 sales$158k$213k to $268k: 63 sales$268k to $324k: 94 sales94sales$268k$324k to $379k: 52 sales$379k to $434k: 37 sales$379k$434k to $489k: 16 sales$489k to $545k: 6 sales$489k$545k to $600k: 2 salesMedian $300k

What the numbers say

As of October 5, 2026, Resideline is tracking 33 active listings and 6 pending sales in ZIP code 49504. That pending-to-active ratio of 0.18 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $310,000, while the median of the 338 closed sales Resideline tracked over the last six months was $299,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 49504 for 52 days.

Frequently asked questions

What is the median home price in 49504?

The median closed sale price in Grand Rapids, MI 49504 was $299,900 over the last six months, based on 338 closed sales tracked by Resideline. The middle half of those sales ranged from $250,000 to $365,000.

Is 49504 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 33 active listings in 49504, a pending-to-active ratio of 0.18. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 49504 currently looks like a balanced market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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